Blink Charging Co. Announces Strategic Sale of Envoy to Blade Ranger

On June 5, 2026, Blink Charging Co. (NASDAQ: BLNK) announced a significant strategic move by entering into an agreement to sell its wholly-owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., a publicly traded Israeli company specializing in technology solutions for renewable energy assets. This transaction marks a pivotal step in Blink Charging's ongoing strategy to concentrate on its core business of electric vehicle (EV) charging infrastructure.

Mike Battaglia, President and CEO of Blink Charging, emphasized the importance of this decision in optimizing the company for the future. “This is a thoughtful decision grounded in how we are building Blink for the next decade and beyond,” he stated. Battaglia highlighted that the divestiture of Envoy is aimed at reducing operational complexity and enhancing financial performance, enabling Blink to allocate capital more effectively towards activities that promise sustainable returns for shareholders.

The sale not only underscores Blink's commitment to a focused owner-operator model but also emphasizes the company's discipline in capital allocation. By stepping away from non-core businesses, Blink aims to streamline its operations and bolster its position as a leader in the EV charging market.

The agreement between Blink Charging and Blade Ranger includes a combination of cash consideration and a convertible note. This structure allows Blink to realize immediate monetary benefits while retaining the potential for future value appreciation from Envoy. The choice of Blade Ranger as the buyer aligns with Blink's strategic vision, as Blade Ranger brings a complementary operating model that focuses on scaling mobility platforms, thereby ensuring Envoy's continued growth.

Hagay Climor, Chairman of Blade Ranger Ltd., expressed enthusiasm about the acquisition, noting, “Envoy fits perfectly into our renewable energy vision and aligns with our strategy to scale innovative, EV-driven transportation solutions globally.” He highlighted the substantial opportunities for value enhancement and network expansion that Envoy presents.

As Blink Charging transitions towards a more focused business model, the company continues to prioritize the utilization, reliability, and financial performance of its charging infrastructure. The sale of Envoy is a strategic move to ensure that Blink remains at the forefront of the electric vehicle charging market, addressing the growing demand for robust and efficient charging solutions.

The transaction is subject to standard post-closing conditions, with Blade Ranger expected to announce further details following completion. As Blink continues to streamline its operations and enhance shareholder value, the market will be closely watching how these strategic decisions shape the company’s future trajectory.

Blink Charging Co. is a global leader in EV charging equipment and services, dedicated to facilitating the transition to electric transportation through innovative solutions. The company offers a comprehensive range of products and services, including the Blink Network, which utilizes proprietary software to operate and maintain charging stations while tracking associated data. Blink has formed strategic partnerships to expand its network across various locations, including parking facilities, residential complexes, workplaces, and transportation hubs.

The strategic sale of Envoy to Blade Ranger marks a significant step for Blink Charging as it refines its focus on core charging infrastructure. With this move, Blink is set to enhance its operational efficiency and capitalize on the burgeoning demand for electric vehicle solutions, ultimately aiming for long-term growth and shareholder value.